AEI: Romania has a historic chance to be among the top European countries through green gas development
Natural gas trade is a key contributor to GDP in several exporting economies, for example contributing 12% of GDP in…
Romania’s crude oil production decreased by 4.7% in January
Romania produced, in January 2024, a quantity of crude oil of 231,700 tons of oil equivalent (toe), 11,300 toe less…
JT Grup Oil announces the completion of the main stage of the first private terminal for oil products in Romania
JT Grup Oil announces the completion of the first stage of construction of the only private terminal for petroleum products…
Caragele: Romgaz restarts drilling, total investment to exceed 1 bln. lei
Romgaz restarts, by own forces, the drilling program in the Caragele perimeter, after years of blockages, the Minister of Energy,…
Romania’s oil production down by more than 4%, imports – by 15%, in 2023
Romania produced, in 2023, a quantity of crude oil of 2.795 million tons of oil equivalent (toe), with 129,200 toe…
Romgaz starts the tender for increasing the extraction capacity of the Bilciurești deposit
Romgaz, the national gas producer that, through its subsidiary Depogaz, manages the majority of gas storage warehouses in Romania, has…
Romania’s crude oil production decreased by 4.3% in the first 11 months of 2023
Romania produced, in the first 11 months of 2023, a quantity of crude oil of 2.562 million tons of oil…
IEA revised upward the estimates regarding oil demand
The International Energy Agency (IEA) has again upgraded its estimates of oil demand growth in 2024, although its projections remain…
OMV Petrom’s gas production decreased slightly in the last quarter of 2023
OMV Petrom’s gas production decreased slightly in the last quarter of last year (Q4), to 56,200 boe/d, down 5% compared…
Russia nationalizes OMV and Wintershall Dea’s stakes in gas extraction projects
The Austrian group OMV and the German company Wintershall Dea will officially lose their stakes in the Russian Arctic gas…
Gazprom estimates a 40% decline in earnings this year
The Russian giant Gazprom expects this year a nearly 40% drop in profit before taxes, interest, depreciation and amortization (EBITDA)…
OPEC will meet before the scheduled meeting with its allies, barrel exceeds 80 USD
OPEC will hold an online meeting on Thursday at 10:00 GMT, ahead of the OPEC+ (Organization of the Petroleum Exporting…
Cristina Prună: Natural gas remains extremely important for the transition
Natural gas remains extremely important for our energy transition, said Cristina Prună, Vice President of the Chamber of Deputies’ Industry…
Volker Raffel: If we want to be less dependent, we have to reduce imports
We need natural gas, even if we use biomethane or hydrogen, and if we want to reduce emissions at European…
Verchere: We will continue to work at full speed at Neptun Deep to start production in 2027
The Neptun Deep project is progressing according to plan and we will continue to work at full speed so as…
Greenpeace protests against Neptun Deep on the occasion of International Black Sea Day
Greenpeace activists initiated a protest action on the Romanian coast, both in water and on land, to draw attention to…
Oil Terminal: Six companies signed up for the tender for the new bitumen terminal
Oil Terminal Constanța, the operator of the state oil terminal on the Black Sea, received six intentions to participate in…
Romania’s crude oil production fell 4% in the first eight months of 2023
Romania produced, in the first eight months of 2023, a quantity of crude oil of 1.87 million tons of oil…
OMV Petrom’s gas production decreased by 2.3% in the 3rd quarter of 2023
OMV Petrom’s gas production amounted to 59,500 boe/day in the third quarter of this year, down 2.3% compared to the…
Saipem: First project construction activities at sea for the Neptune Deep will start by 2025
The biggest new gas source for Romania is the Neptune Deep offshore project in the Black Sea. OMV Petrom and…
Romania’s crude oil production fell by 4.3% in the first seven months of 2023
Romania produced, in the first seven months of 2023, a quantity of crude oil of 1.636 million tons of oil…
How did Romgaz answered to the gas shortage caused by the war in Ukraine
With the war in Ukraine, for more than one year and a half, now, there is an increasing sense of…